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    Bloomfield Development Opportunity on Prospect
    Updated: Jun 11, 2025
    Bloomfield Development Opportunity on Prospect

    25 Prospect, Bloomfield, NJ 07003

    $499,000
    Development opportunity in a desirable location: Zoned R‑2B for single- or two‑unit residential development in Bloomfield's thriving Watsessing neighborhood.
    Excellent Commuter Location: Just 0.3 miles to Watsessing Avenue NJ Transit Station, offering direct rail access to New York Penn Station in approximately 32 minutes.
    Convenient Access to Amenities: Close proximity (within 1.5 miles) to grocery stores, pharmacies, and the shops/restaurants of Bloomfield Center and Montclair.
    Proximity to Green Space: Steps away from the 69‑acre Watsessing Park, offering green space, playgrounds, sports fields, and walking trails.
    Strong School District: Located within the Bloomfield Public School District, with a 5‑minute walk to Watsessing Elementary School and zoned for Bloomfield Middle and High Schools.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Bloomfield, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Residential Lot in Historic District
    Residential Lot in Historic District

    251 Elmwynd Dr, City Of, Orange, NJ 07050

    $475,000

    Rare, level 0.69-acre corner lot in Seven Oaks Historic District.

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    Vacant Lot in Developing Area
    Vacant Lot in Developing Area

    60 Morris St, East Orange, NJ 07017

    $250,000

    Residential/multi-family zoned lot with easy access to amenities.

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    Vacant Lot with Redevelopment Potential
    Vacant Lot with Redevelopment Potential

    58 Morris, East Orange, NJ 07017

    $250,000

    Vacant lot with survey and site plan ready for development.

    View details
    Vacant Lot in Seven Oaks
    Vacant Lot in Seven Oaks

    389 Olcott, Orange, NJ 07050

    $275,000

    Vacant lot zoned for single-family home in Orange, NJ.

    View details

    Bloomfield, NJ Residential Land & Home Lots Market Trends and Statistics

    Explore 1 residential land & home lots for sale in Bloomfield, NJ on our real estate platform.

    Sale prices for home sites in Bloomfield, NJ average $499,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial land 1
    Residential land & home lots 1

    Demographics Overview

    Population 53K
    Population Growth (5Y) +8.4%
    Median Household Income $98,805
    College Educated 65.7%

    High-Yield Neighborhoods for Investment

    Identify Bloomfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    07003 $499K

    Taxes & Financing

    Tax Rate (average for all types) 3.28%
    Property Tax per SF $7.96 per SF
    Tax Rate vs County Average 0.22 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Essex County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Essex County

    Residential Income

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